America For Fair Banking

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Tuesday, December 13, 2011

Do you remember when minors were encouraged to open a savings account and every dollar that was deposited was considered a good thing? Minimum balances were not required for minors and instead of service charges interest was paid.

Thursday, December 1, 2011

After cashing a check at Wells Fargo the funds were taken to Chase to make a mortgage payment. Among the bills a counterfeit $100 was detected!After almost an hour of review and completing forms the bill was confiscated for the Secret Service .

I am out $100 with no recourse!! I went back to Wells Fargo and was told that since I cannot PROVE the money came from them they would not replace it. Now if by some small chance after 4 bank employees at Chase having reviewed the bill if the Secret Service were to decide they had made a mistake I would get the bill back in a month.I hope this makes you as angry as it made me. If we cannot trust our banks to pass out real money than something is terribly wrong. Now regardless of whether I can PROVE it or not if I had wanted phony money I would have dug into my Monopoly game, not gone to a bank.Yes, I'm stewing on my next soapbox post and will have it up soon. Please don't jump to the conclusion that "See, debit cards are better" before you read it. As I mention on the sidebar I was in banking and worked in the computer center of a major bank. I was one of the small fry people working on EFT at the birth of what was called Merchant Services in the early 70's. This eventually became what is now called the debt card. That is why I DON'T have one.I wanted to keep this short and simple as the story is, the title says it all:Wells Fargo passes counterfeit $100!

Tuesday, November 8, 2011

It has been ages since I have shared on this blog but I found Smart On Money seems to be keeping up and trying to inform people of new developments in the banking industry. For those interested it may be a good blog to subscribe to.

My views have become quite solidified and my approach simple: Unfortunately it is necessary to have at least one account to cash checks and facilitate transfers of funds for monthly expenses, beyond that banking is no longer an industry to be trusted. Used car salesmen now get to take a place of integrity above the major banks. Small local banks still are a good service but becoming harder to find. AIG also has had high ratings from a number of financial bloggers.

Tuesday, November 9, 2010

Remember, everytime you opt for convenience you opt to give up a little more of your privacy. If you have not read George Orwell's 1984 it might be an eyeopener. We have arrived. Another good book to rattle your thinking is None Dare Call It Conspiracy.

Saturday, October 23, 2010

The banking laws are not a common subject of discussion however I personally believe they are some of the most important laws effecting our economy at this time. It's not just those who have been sloppy with their bookkeepping that have been affected by the fees. Having worked in banking in the 80s I firmly believe that these laws were critical to begin to restore the "customer first" policies needed within the banking industry.

The banking industry has brought this country to it's knees and it's time for us to stand up again. These banking laws are not a democratic or republican issue - they are a people issue.

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About Me

My earlier career was in the banking industry in the Seattle area. Positions held include Manager of a check-processing department, Operations Support Analyst, Float Control Officer, Quality Control Specialist. I reported to the Cashier and responsibilities ranged from preparing annual budgets, streamlining procedures, and reviewing government regulations and documenting the impact for our 70+ branches. My career in banking came to an abrupt end when I resigned to care for a terminally ill parent.
Our family moved to a small town where we raised chickens, goats, and embraced the self-sufficiency lifestyle. We chopped wood, planted gardens, canned, and bucked bales. Quite a change from our suburban upbringing. In this employment depressed area I have held a number of positions including real estate property management. So, if it sounds like I have had many varied experiences it is definitely true.
I believe in embracing life every step of the way. Contact me directly at inthetrenches@live.com